Aug 9th, 2010
Forex Fibonacci 50% Retracement Trading Strategy
50% retracements are one of the oldest and most consistent entry methods for traders of any financial market. These retracements work equally as well in the forex markets as they do in other markets; therefore, it is very important that you have a working knowledge of how to successfully implement this strategy into your trade setup arsenal.
Aug 7th, 2010
5 Reasons Why Rule-Based Forex Systems Don’t Work
One big problem with strict rule-based forex systems is that they take away the potential of benefiting from human discretion. Developing a “gut” trading instinct is something that comes with months and years of screen time and trading experience. Eventually this gut trading instinct will become part of your trading method, if you use a strict forex system based on rules, you must follow these rules exactly otherwise the system is basically nullified.
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